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This developer is banking on Malacca’s transformation

PC Lee
PC Lee6/21/2017 10:58 AM GMT+08  • 2 min read
This developer is banking on Malacca’s transformation
SINGAPORE (June 21): CIMB is starting Hatten Land with an “add” rating and a target price of 38 cents, given its 45% discount to RNAV.
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SINGAPORE (June 21): CIMB is starting Hatten Land with an “add” rating and a target price of 38 cents, given its 45% discount to RNAV.

CIMB likes Hatten for its exposure to the growth market of Malacca that is likely to benefit in the medium term from the mega infrastructure projects currently underway.

Hatten is a developer of integrated developments, headquartered in Malacca. The company is led by CEO Colin Tan and Deputy MD Edwin Tan, who both have more than 10 years of experience in this market.

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